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Bitcoin price increased by 10% over the last 24 hours. Bitcoin is now following Gold’s path, which also increased by 1% setting a new multi-year high. It seems that Bitcoin is showing its potential as the digital gold.
The trade war between China and the USA is going to decide the direction we’re going for the next few weeks. If the tension keeps on rising, you can expect the price of Bitcoin (& gold) to keep on rising. If the situation calms down, you can expect the correction to continue. Next 24-48h are crucial. Keep an eye on the situation.
Alts are not dead. Greed is in the nature of people and that’s why there will be a moment alts start breaking out heavily. Putting $1M in Bitcoin will not impact the price, but putting that in a smaller altcoins will impact the price greatly. Time will come.
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